10.23 Ethereum (ETH) Market Analysis Reference Ethereum's intraday trend has reversed upwards but has failed to test; the current price is around 3820. Short-term upward momentum is weakening, and the trend has pulled back into a weak oscillation range, with no signs of breaking out yet. Recently, the 4-hour level has shown consecutive Bearish lines, with the price falling from around 4100 to 3815, forming a descending channel; the 1-hour level is oscillating in the 3780-3860 range, showing short-term low-level oscillation. From the perspective of technical indicators, the 4-hour MACD's DIF and DEA are both below the zero axis, and the histogram continues to expand, indicating that short-term short positions are strengthening; at the same time, EMA7 (3864) has crossed below EMA30 (3925) forming a death cross, while the 120-day moving average (4074) forms strong resistance above, indicating an overall bearish trend. Therefore, our strategy is to short high and long low. Resistance above is focused on the 3960-4100 area, while support below is focused on around 3730. 10.23 Ethereum short-term reference: Short lightly at 3950-4010, stop loss 30 points, target below 3900; Long at 3661-3731, stop loss 30 points, target above 3810. The article is sent with latency, and the strategy suggestions are for reference only. Market conditions change rapidly, so no matter how high your judgment and grasp of the market are, you must manage your take profit and stop loss well, lock in profits #ETH反弹在即？ #巨鲸加仓2.5亿美元BTC #美联储将召开支付创新大会 $BTC $ETH $GT